News
Reuters | Taxes on some wealthy French top 100 pct of income: paper
More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data.
WSJ | Apple Avoided Taxes on Overseas Billions, Senate Panel Finds
Apple Inc. paid no corporate income tax to any national government on tens of billions of dollars in overseas income over the past four years, Senate investigators found, a revelation that fuels the debate over whether the U.S. tax code needs an overhaul.
Washington Times | Study: GOP generational divide could sink Web sales tax bill
Critics of Internet sales tax say that rising resistance from newer GOP lawmakers could sink a bill now before the Republican-controlled House to require online retailers such as eBay to start collecting sales taxes for the states.
Econ Comments & Analysis
Politico | End the political circus on tax reform
On Tuesday morning, a political sideshow masquerading as a Senate hearing will target America’s economic champions — companies that are creating American jobs and strengthening American innovation.
Washington Times | Why the IRS cannot be reformed
Every few years, at least from the time of President Franklin D. Roosevelt, there is a scandal involving abuse of power at the Internal Revenue Service. We are again in the midst of one of these periodic abuse scandals, with many solemn promises that the problems will be corrected and will not happen again.
Mercatus | The Hidden Costs of Tax Compliance
The tax code, far beyond simply collecting revenue to fund the operations of the federal government, attempts to perform policy and political functions as well. This paper does not examine the normative value of these provisions, but instead examines the hidden costs of today’s tax code: time and money spent submitting tax forms, foregone economic growth, lobbying expenditures, and gaps in revenue collection.
